First-half progress is in line with the full-year plan, with maintaining the earnings pace the focus in FY2026-Q3

For the first half from January through June 2026, revenue was ¥30,030 million, operating profit was ¥1,512 million, ordinary profit was ¥1,520 million, and interim net profit attributable to owners of the parent was ¥1,023 million. Year on year, revenue rose 2.8%, operating profit 4.7%, ordinary profit 5.2%, and interim net profit 5.9%, with both revenue and earnings increasing.

The full-year forecasts are revenue of ¥59,500 million, operating profit of ¥2,900 million, ordinary profit of ¥2,910 million, and net profit attributable to owners of the parent of ¥1,980 million. They have not been revised. First-half progress rates were 50.5% for revenue, 52.2% for operating profit, 52.3% for ordinary profit, and 51.7% for net profit, indicating that the earnings items are progressing slightly faster than revenue. Based on a simple equal quarterly allocation, the benchmark for cumulative FY2026-Q3 would be ¥44,625 million for revenue and ¥2,175 million for operating profit, but these are not quarterly guidelines provided by the company.

In assessing earnings quality, it is also important that net cash provided by operating activities in FY2026-H1 was ¥1,492 million and cash and cash equivalents stood at ¥7,704 million. Meanwhile, interim extraordinary losses were ¥0, while extraordinary income was limited to a ¥236 thousand gain on the sale of fixed assets, indicating that first-half earnings growth did not depend on significant extraordinary gains or losses.

In FY2026-Q3, we will examine not only cumulative revenue but also whether cumulative operating profit reaches the mechanical benchmark of around ¥2,175 million and whether the factors that lifted the operating margin continue. Since the company does not disclose its operating margin or a breakdown by expense item, its financial results supplementary materials will need to be reviewed for any increase in selling, general and administrative expenses, the profitability of recurring revenue, and the presence or absence of impairment losses and extraordinary gains or losses.